Day Trading: Overview of the tools of the trade

Friday, October 22, 2010

By James Joseph J Joseph J. James
Level: PLUS basic

Joseph James co-founded trader professional day for just less than 10 years. Joseph spends time trading the world forward purchases and working with ...

Today's traders have many more options than I had before 10 years, but it still felt like it was back one million variables to consider. After doing some extensive research I learned many ways to make sure you get the best computer you need for trading day. Below you can review what worked well for me in the past to have a large commercial machine.

The best way to buy a computer for negotiation is to build one, instead of buying in the store. Store-bought computers loaded with things that serious traders don't need, so skip the shop electronics store and consult with your local the guy. I found that sites like CraigsList and even the local Chamber of Commerce can help guide individuals in your area who are professionals in building and maintaining computers.

I am not asking for the ' trade computers ', because you don't need a particular computer for negotiation. Trade computers always seem to cost me, ever notice that? Find yourself a local computer professional, around the shop for a better one with the best price, and don't forget to ask for referrals from current clients. If we have too many clients and will have a hard time entering the busy schedule, so make sure you can pick the right person for the job. Here's what you'll need for your computer transactions:
Hard disk: hard drive doesn't have to be very large. In the old days you need lots of space to store your files, but can I use a portable storage device (external hard disk) that I use for my files, and if you have more than 2 computers on your home office you can use a Store network (NAS disk as their call) as a shared hard drive for all computers in your home. Save money on your hard drive, ask to have the lowest you can find and use an external hard drive instead. Processor: this is where you want to spend your money. Your processor is the engine of your computer, so you want the fastest you can afford. Memory: random access memory (RAM) is oxygen for your computers CPU and without lots of ram will have a hard time running multiple programs and your trading charts. We get much ram as possible and Remember, ram upgraded easily to your existing computer, ask both to add more RAM if you can use it! Video cards: these costs have gone done 1000% in the past 5 years the incredible. Now what would cost me $ 1,000 each cost less then $ 200usd. Buy the best video cards you may be able because they will give you crisp clear images and responding to your charts.Need to see what you're looking at and they are essential; Monitors: isn't as important as video cards, monitors also is a technology that gets better than the second. When I started trading will use a laptop, and it tells you that you can start with anything that runs your graphs. for desktops highly recommend 2, 24-inch monitors. These are easy to find Cheap, low energy and if you buy from a reputable company (like dell) will last for years. Don't go Cheap on monitors, patience and search for deals online for refurbished versions of the best manufactures. Mouse: spend the money for a good mouse.If you would like a surgeon, what would you Prefer the scalpel. laser/optical mouse (try Logitech) because it feels comfortable in my hand, which is the most important thing, but it has remarkable precision, and as a trader must have the sharpest tool in my hand hubers. Battery Back-up & surge protection: this will only happen once when your House gets hit me your lightning and fry your computer, then I would spend the money to protect. Connect (don't buy them in the shops is very expensive) and buy a surge arresters and plug everything in these. Software: using a screen-capture software for record charts I want to revisit at a later date and asked to comment and I can use spreadsheet software to track my commercial business and taxes.

Installing your computer trading is a very tedious process.But not only that, the environment that your trade must be comfortable and practical.Be sure to research, there are many people out there who will tell you what works and what doesn't.Keep in mind you will sit around this computer for many hours a day, it is crucial that does research and set up right the first time.

About the author: Joseph James is a Professional Trader day and an extremely hardworking Chillicothe is the founder of James Wave Trading system that has proven to work in a liquid market.The website, SchoolOfTrade, offers great methodology ultimately sculpts members at large traders. Josephs without trial and the beginner course is jam packed with tips and techniques for the trading day enthusiast. for more information, Please follow the links I have posted below the first link is for more information about setting up your day trading workstation. link that follows is for our blog, we give away Live trading day videos, screenshots, and market re-caps daily, everything is absolutely free.

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Plus, don't forget to ask for our free test 3 weeks for our trade in live trade room we live every day from 7: 30 am-12: 30 pm EDT.

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Article submitted on: October 15, 2010


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